The installation process of the MyForexPath on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with MyForexPath without problems.
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Read detailed review
Read detailed review
Forex expert advisor MyForexPath is designed in such a way as to determine a trend and open orders in its direction.
Statistics
MyForexPath AUDUSD - Real 1
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MyForexPath AUDUSD EURUSD - Real 2
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MyForexPath AUDUSD EURUSD USDCAD - Real 3
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Backtests
MyForexPath has been tested on all the currency pairs (AUDUSD, EURUSD, USDCAD) using 4 sessions for each. All the backtests are made since 2016, which shows 8 years of good and stable results.
Normal AUDUSD - Since 2016
Aggressive EURUSD - Since 2016
Normal EURUSD - Since 2016
Aggressive USDCAD - Since 2016
Normal USDCAD - Since 2016
Information about MyForexPath
Forex expert advisor MyForexPath is designed in such a way as to determine a trend and open orders in its direction. To do that the EA uses special algorithms and indicators such as MA and Parabolic. Also, in case of an unsuccessful entry and a change in trend, the robot will close previously opened trades in order to fix a small loss, avoiding large losses on a change in a direction of the trend. This provides the necessary protection against large drawdowns. In such a situation, the EA will take actions to compensate for the forced losses as soon as possible.
The EA works on three currency pairs: AUDUSD, EURUSD and USDCAD. Also, it is compatible with the most popular Forex trading platforms: MetaTrader 4 and MetaTrader 5. On average, MyForexPath has a win rate of 65-70% per trade, which is a good result.
1. Independent sessions
The robot has 4 independent sessions for each pair, which provides a sufficiently large number of signals without a loss in their quality.
2. Compatibility
MyForexPath is compatible with any broker, so you don't have to worry about whether it will work as good on your trading account as it does on ours. The results will be identical!
3. Drawdown control
Our EA has a drawdown control system, which will protect your account from unplanned losses. That is ensured with the help of a smart calculation of Stop Loss, as well as additional protection provided by closing orders at the Market prices.
Purchase includes:
- 1 unlimited license
- Possibility to change account number online
- Version of the EA for MT4 and MT5
- Detailed User Manual
- Free updates
- Best technical support 24/7
Refund policy
We provide a full money-back guarantee during the first 30 days after purchasing. If our EA doesn’t work properly on your account, and we cannot do anything about it, we will return your money. If a drawdown on your account exceeds 35%, we will also initiate a refund process, on condition that you have used our recommended settings and provided proofs of that.
F.A.Q.
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What is the profit level of the MyForexPath on the real/demo account?
The MyForexPath has been able to reach the profit level of 473.34% during the live/demo trading period. These results are proven by one of the respected third-party companies.
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What is the drawdown level of the MyForexPath on the real/demo account?
The MyForexPath has been able to keep the maximum fixed drawdown level of 27.99% during the live/demo trading period.
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How much does the MyForexPath cost?
The official developer of the MyForexPath has announced the price of the MyForexPath to be $285.
full review
MyForexPath Review
In this review, we will look closely at the newest development in the field of Forex robots - MyForexPath. MyForexPath EA is a new word in Forex robo trading that shows incredible profit results during a long live trading history and is equipped with the best automated trading features and practices. Read on to get more about the robot!
Basic information about MyForexPath
- Price$285
- Currency pairAUDUSD, EURUSD, and USDCAD
- Number of real licenses1 unlimited license
- SupportBest technical support 24/7
- Refund30 days money-back guarantee
Conditions for trading:
- Minimal deposit amount$500
- Time frameAny
- TerminalMT4 and MT5
- BrokerAny
Live performance of MyForexPath
The MyForexPath robot is supported with live trading statistics from the third-party company Myfxbook. The system has been trading on the AUDUSD currency pair with real money since November 2019 or for 30 months already. The robot has grown its live account for 1070% of profit starting the trading 30 months ago with the initial deposit of 2000. The trading curve of the MyForexPath robot is looking a bit sharp having some ups and downs but still the upward movement trend is strong and constant.
Aggressive AUDUSD
Normal AUDUSD
Aggressive EURUSD
Normal EURUSD
Aggressive USDCAD
Normal USDCAD
The developer of the MyForexPath EA also provided a list of backtesting statistics that show some possible trading potential of the system on the historical quotes. Every currency pair that the robot supports has got two backtesting statistics to show the profitability difference of the MyForexPath EA with different risk settings. It means that we can see the backtesting results of the robot both with the maximum risk settings and with normal risk settings.
The first backtest shows the trading possibilities of the MyForexPath robot using 100% risk settings, and the other one shows backtest results using only 35% risk settings. Both backtests are made on a 1H timeframe using every tick backtesting model, which is the most precise method based on all available least timeframes. The backtests’ modeling quality is 90%, which is fine for the MyForexPath EA because it does not use a scalping strategy. Both backtests were made using 6 years of historical quotes (from 2015 to 2022) which is more than enough for the proper assessment.
Disclaimer
*The backtests are taken from the developers’ website developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.
Drawdown and profitability
The MyForexPath robot has been set to trade live since November 2019 with an initial deposit of $2000. This gives us trading statistics for 30 months to analyze and see the real picture of the robots' profitability. The EA has been able to trade profitably and gain more than 1000% of profit during its live performance period (1070% so far). This is a pretty good result considering that the maximum fixed drawdown level of the system is 37.61% and the monthly compound rate of return leading to the total gain is 8.65%.
Considering the statistics that are represented on the official Myfxbook page of the MyForexPath EA, we can see the real performance of the robot. Calculating the profit to drawdown ratio, we see that according to all the numbers it must be something about 0.3:1. This is not the highest ratio I've seen, nor it is the worst one. As we can see, the system does a good job gaining profit, even though some fixed drawdowns are seen on the graph above. MyForexPath has been able to recover from those and keep the upward moving curve trend.
Drawdown and profitability
The MyForexPath robot has been set to trade live since November 2019 with an initial deposit of $2000. This gives us trading statistics for 30 months to analyze and see the real picture of the robots' profitability. The EA has been able to trade profitably and gain more than 1000% of profit during its live performance period (1070% so far). This is a pretty good result considering that the maximum fixed drawdown level of the system is 37.61% and the monthly compound rate of return leading to the total gain is 8.65%.
Considering the statistics that are represented on the official Myfxbook page of the MyForexPath EA, we can see the real performance of the robot. Calculating the profit to drawdown ratio, we see that according to all the numbers it must be something about 0.3:1. This is not the highest ratio I've seen, nor it is the worst one. As we can see, the system does a good job gaining profit, even though some fixed drawdowns are seen on the graph above. MyForexPath has been able to recover from those and keep the upward moving curve trend.
Drawdown and profitability
The MyForexPath robot has been set to trade live since November 2019 with an initial deposit of $2000. This gives us trading statistics for 30 months to analyze and see the real picture of the robots' profitability. The EA has been able to trade profitably and gain more than 1000% of profit during its live performance period (1070% so far). This is a pretty good result considering that the maximum fixed drawdown level of the system is 37.61% and the monthly compound rate of return leading to the total gain is 8.65%.
Considering the statistics that are represented on the official Myfxbook page of the MyForexPath EA, we can see the real performance of the robot. Calculating the profit to drawdown ratio, we see that according to all the numbers it must be something about 0.3:1. This is not the highest ratio I've seen, nor it is the worst one. As we can see, the system does a good job gaining profit, even though some fixed drawdowns are seen on the graph above. MyForexPath has been able to recover from those and keep the upward moving curve trend.
Final marks
So let’s finish this review by giving appropriate assessments to the MyForexPath based on the analysis of its work, statistics, and other factors
Price VS Quality
Profitability / Drawdown
Statistics duration
Backtests
Authors’ rating
AVERAGE
Having to explain the final marks of this review, I start from the price and quality ratio mark, where the MyForexPath EA has got 5 out of 5. In my opinion, the price is quite suitable for this EA considering that the system has all the backtests, good live statistics, and has a history of 30 months of successful work on the real account.
As mentioned in the review, the drawdown/profitability level of this EA is actually not too high, but still good. It reaches a 0.3:1 ratio, which is high for most of the systems out there. That’s why MyForexPath EA got 4 out of 5 for this.
MyForexPath EA has got a live trading statistic since November 2019 which is enough to say that the EA is durable for the market changes, and it trades stably. My mark for the reliability and durability of the system is 5 out of 5.
The backtest of MyForexPath EA uses the quotes' data from 2015 until 2022, giving us 7 years of backtesting on all the available for this robot currency pairs. These results are enough to give this EA 5 out of 5 for this mark.
And my thoughts about this Forex robot are mostly positive, and it is quite similar to the objective marks that have already been given. I give MyForexPath EA 4 out of 5.
At the moment of writing this review, the automated rating system of the ForexStore rated MyForexPath EA 10 points out of 10 which is a little higher in equivalent to the marks that I’ve considered after review of this Forex robot but still very close.
I hope this helps you, traders! I wish you profitable trading and luck on the market!